DocuSign: Not Convinced That A Growth Inflection Is Anywhere Near [Seeking Alpha]
DocuSign, Inc. (DOCU)
Last docusign, inc. earnings: 3/12 04:05 pm
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Company Research
Source: Seeking Alpha
Recent growth acceleration is likely inflated due to one-time factors and pulled-forward demand. The stock trades at a discount to Adobe, reflecting DocuSign's slower growth trajectory. Overview My recommendation for DocuSign ( NASDAQ: DOCU ) is a neutral rating, as I still do not have any confidence that growth could accelerate in FY25, despite the positive headline revenue and billings growth. My assessment shows that revenue growth still tracks poorly vs. history, and like-for-like billings growth remains weak at single-digit percentage growth. While there are signs of stabilization, the fact is that DOCU is expected to grow in the mid-single digits, much lower than peers' growth rates. Note that I previously rated a hold rating for DOCU as operating metrics were weak, and I was worried that near-term performance would remain soft given the poor macro conditions. Recent results and updates While I am encouraged by the more positive tone around execution and customer usag
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DOCU
News
- DocuSign: Improving And AI Prospects But Update Needed (Earnings Preview) [Seeking Alpha]Seeking Alpha
- DocuSign: Limited Downside Risk While Waiting On AI [Seeking Alpha]Seeking Alpha
- Docusign Completes Acquisition of Lexion to Accelerate Intelligent Agreement Management [Yahoo! Finance]Yahoo! Finance
- Docusign Completes Acquisition of Lexion to Accelerate Intelligent Agreement ManagementPR Newswire
- 4 Unparalleled Growth Stocks You'll Regret Not Buying in the New Nasdaq Bull Market [Yahoo! Finance]Yahoo! Finance
DOCU
Earnings
- 3/7/24 - Beat
DOCU
Sec Filings
- 6/3/24 - Form 144
- 5/31/24 - Form 4
- 5/31/24 - Form 4
- DOCU's page on the SEC website